Comprehensive Income (Tables)

3 Months Ended

Apr. 02, 2023

Comprehensive Income [Abstract]

Reclassifications Out of Accumulated Other Comprehensive Loss

The following table summarizes the amounts reclassified out of accumulated other comprehensive loss attributable to the Company:

	Three Months Ended
(in millions of dollars)	Apr. 2, 2023			Apr. 3, 2022
Amortization of pension items:
Pre-tax amount	$	0.5		$	1.5
Tax		(0.1	)		(0.3	)
Net of tax	$	0.4		$	1.2

Accumulated Other Comprehensive Loss

The major components of accumulated other comprehensive loss, net of related tax, attributable to MTI are as follows:

(in millions of dollars)	Foreign Currency Translation Adjustment			Unrecognized Pension Costs			Net Gain (Loss) on Derivative Instruments			Total
Balance as of December 31, 2022	$	(345.7	)	$	(34.4	)	$	13.6		$	(366.5	)
Other comprehensive income (loss) before reclassifications		9.7			—			(2.4	)		7.3
Amounts reclassified from AOCI		—			0.4			—			0.4
Net current period other comprehensive income (loss)		9.7			0.4			(2.4	)		7.7
Balance as of April 2, 2023	$	(336.0	)	$	(34.0	)	$	11.2		$	(358.8	)